Blockchain is the most advanced and user-friendly technology that has multiple features and can be used across different domains. Let's go a few years back, where the internet outbreak was on a huge scale. Often we use peer to peer communication for the file or network sharing. Highly confidential and large quantity information is being transferred through this medium. Now the situation has become much easier with the latest and frequent updations on various communication portals. Then what kind of factors stops them from being implemented? Let us analyze in detail.
In the past decade, there was an emergence of a new technology known as Cryptocurrency, precisely known as Bitcoin. The massive rise of bitcoins has certainly affected the global economy by weakening the growth and development in multiple ways. Hence, it was tagged to illegal by many countries. Yet it works fine in the underworld community by some of the specialized hackers for offensive purposes.
The developers are striving hard to bring this impeccable technology, back to normal life and use it for our day to day well-being. Those knowledgeable creators know the real value of blockchain and don't want them to get trashed. Hence, they take it as a serious issue and finds different ways to overcome it.
In the year 2012, a group of techies dived deep into the possibilities of bitcoin usage and the value of the virtual currency was at $30 at that stage. And eventually, it became an easy process for them to analyze the future needs and requirements on blockchain technology and enhanced them for the betterment of society.
Inside the Blockchain, the data are kept encrypted through the advanced method known as cryptography and it creates a barrier which becomes an uphill task for the outsiders to breach this security system and alter the information. Because of multiple nodes inside its network, modifications without authorization will a challenging one.
Imagine a country like where billions of people have to cast their vote on waiting for hours to press a single button. Also, it has other external factors such as EVM failures, server slowdown, mismatched lighting and so on, which in turn makes this process even more complicated. Already the lack of transparency and time extension has been a prevalent issue for years, now these things also got added up. Blockchain is a ledger that was made digitally to overview the entire process by examining each one of them simultaneously.
This online voting system using blockchain will solve many difficulties that are faced during the elections. It also ensures that some of the illegal activities like multiple voting, damaging ballot, machine malfunction can be overcome soon. Some of the notable vulnerabilities include warfare, reporting systems, stealing of databases and much more. These series of errors can be rectified by introducing the blockchain process in our voting system for the proper and smooth running of elections in the future. Many larger and developed countries are using this technique to make the electron process into a simpler one.